Investors support MBO at £55m-turnover care group
THE management team at Rotherham-based care provider Exemplar Health Care have completed a buyout with the backing of private equity investors.
Led by managing director Euan Craig, the team, in conjunction with London-based PE house Agilitas will invest in the business. The plans will create 1,500 jobs across Yorkshire, the Midlands and the North West at the £55m-turnover business.
Exemplar specialises in younger adults with complex care needs, as well as elderly care and nursing homes.
It has 25 homes including sites in Sheffield, Rotherham, Barnsley, Doncaster, Leeds and Castleford. Across the regions it has capacity of more than 700 beds and 2,100 staff including carers, therapists, nursing and support staff.
The company has major expansion plans with its new-build programme, and is currently building its first new home in the King’s Heath area of Birmingham.
Euan Craig, managing director of Exemplar said: “We are dedicated to bringing an end to cycles of failed placements by carefully tailoring the care we offer to meet these highly complex needs. We are proud that the outcomes we achieve enhance people’s lives and better meet the needs of the CCGs, Trusts, Local Authorities and families that we serve.
“Everyone at Exemplar is looking forward to bringing our high standards of care to far more people suffering acute illness and injury.”
Martin Calderbank, managing partner at Agilitas, said: “Exemplar is one of the regional leaders in the care of individuals who live day to day with these complex conditions. We are excited by the opportunity to help Euan and his team expand their operations and make Exemplar’s high standards of care available to many more people.”
Tor Midsem, Agilitas partner and Exemplar board member together with Martin Calderbank, added: “We have been impressed by what has been achieved at Exemplar so far and look forward to working with Euan and all the team to help continue the forward momentum.”
Falcon Capital Investments, parent company of Exemplar, has been offloading sites all year.
In July of 2015, sold The Glades, Athorpe, Cherry and Loxley Health Care Ltd in multi-million pound deals.
Matt Henderson, transaction services partner in Leeds and head of Deloitte’s healthcare and life sciences business in the regions, which advised Exemplar said: “Exemplar is a great example of a business that puts quality of service delivery first. We are delighted to have worked alongside Euan and the team to help them achieve a funding solution that will allow them to expand their service provision further.”
